SCREENGRAB from www.vistaland.com.ph

Villar-led property developer Vista Land & Lifescapes (VLL) has returned to the offshore bond market, raising $200 million to refinance older debt.

Through offshore unit VLL International, the property group launched an overseas offering of seven-year senior guaranteed notes that were priced to yield 7.25 percent per annum, VLL disclosed to the Philippine Stock Exchange on Tuesday.

VLL International has executed a subscription agreement with Credit Suisse (Singapore) Ltd., DBS Bank Ltd., and The Hongkong and Shanghai Banking Corp. Ltd. as managers for the offer, sale and issuance of these $200 million notes due 2027.

This is part of VLL’s $2-billion medium term note program.

BDO Capital & Investment Corp. and China Bank Capital Corp. acted as domestic lead managers for the issuance of the notes.


Read Next


EDITORS’ PICK


MOST READ

Don’t miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

Source Article